In The Work-Standard (3rd Ed.) and again in The Third Place (1st Ed.), it was stipulated that the Market/Mixed Economy, like the rest of the Liberal Capitalist Nation, operate under two Modes of Production. Those Modes of Production were called… Read More ›
Remember those two charts I spoke in the latest Entry of Work-Standard Accounting Practices, Trial Balances in Double-Entry Account Bookkeeping? Note the amounts listed on the Adjusted Trial Balances on the far-right columns of both charts. They depict how Dora… Read More ›
What happens if someone, like an Accountant needed to make periodic adjustments to the Quantity of Kapital and Quantity of Schuld? Sometimes, there will be occasions where the Quantity of Kapital, the Quantity of Schuld or both must be revalued… Read More ›
Last night, I decided to go over the financial statements I designed for Section Three of Work-Standard Accounting Practices. I ran a few tests to lay the preliminary foundations on how to track the movements of existing Actual Geld whilst… Read More ›
As established earlier in a preceding Entry, the Soviet Union’s accounting system was designed to accommodate the Economic Planners. The methodology enabled Enterprises to maintain and create records in support of Soviet-Type Economic Planning (STEP). It came into being between… Read More ›
As part of my upcoming preparations to someday write new Entries for Section Three of Work-Standard Accounting Practices, I have written a new Entry describing the Maoist Balance Sheet. This Maoist-style Balance Sheet is pretty nifty that I am still… Read More ›
I am intrigued by the modifications that Chinese Accountants made to the Soviet accounting system under Chairman Zedong as part of the “Cultural Revolution.” The modifications they had made included recording the revenues sources of different Economic Organizations and where… Read More ›
The International Monetary Fund (IMF) expects Russia to grow 3.2% this year, significantly more than the UK, France and Germany. Oil exports have “held steady” and government spending has “remained high” contributing to growth, the IMF said. Overall, it said… Read More ›
Embark on a thrilling treasure hunt for financial freedom in the investment world. Explore the Wild West of cryptocurrency’s high risk and reward, and the steady ship of traditional stocks. Diversify for safety, embrace smart strategies, and look to the… Read More ›
Aldous Huxley: “The propagandist’s purpose is to make one set of people forget that certain other sets of people are human.” This quote shows the power words have to divide societies and breed prejudice. Think politics, religion, racism, sexism, war…… Read More ›
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